Monday, May 25th, 2020

Bancorp, Inc. announces cash dividend

Posted: Friday, May 1, 2020

Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the corporation will pay a cash dividend of $0.27 per common share. The dividend will be payable on May 28, 2020 to shareholders of record on May 14, 2020.

Northeast Indiana Bancorp, Inc. held its twenty-fifth annual shareholders’ meeting April 28, 2020. The shareholders selected Dr. J. David Carnes and William A. Zimmer as directors of the company for terms to expire in 2023.

The book value of NIDB’s stock was $35.43 per common share as of March 31, 2020. The last reported trade of stock at the close of business on April 28, 2020 was $29.25 per common share and the number of outstanding shares was 1,210,327 as of the same date. The annualized dividend yield is currently 3.7% when annualizing the current quarter cash dividend of $0.27 per common share against the April 28, 2020 closing price of $29.25 per common share.